Nanny Taxes in 2014 -- Another Important Tax Concern for Parents

SurePayroll Infographic Shows Key Information on Paying Your Nanny the Right Way

GLENVIEW, IL--(Marketwired - December 26, 2013) - It's holiday time and everyone is juggling a lot over this year's short season. There are sales to find, coupons to locate and presents to buy. Meals must be planned and cooked while kids need to be picked up and dropped off all over town. On top of the holiday hustle for parents are nanny tax and hiring concerns. Many parents realize, perhaps now more than ever, that they cannot do all of this work by themselves. Many others who already have a nanny are scrambling to get all the tax paperwork in order before year end. It can be overwhelming and very stressful for the entire family. It doesn't have to be this hard.

"There is so much involved in finding the right nanny to care for their children that parents don't even think about the tax considerations," says SurePayroll CEO and President Michael Alter. "But when it comes to nanny taxes -- parents shouldn't just 'roll the dice.' Now is the time to really understand the nanny tax and make sure the nanny gets paid the right way. Our 'Don't be Sorry' infographic is a quick fun way for parents to understand how to avoid fines, penalties and even more stress! The good news is that there are services that can make it really easy, convenient and stress free for parents and their nannies."

SurePayroll, Inc. a leader in providing online payroll to small businesses nationwide, has developed an infographic to show parents that they won't be sorry when they pay their nanny the right way. It includes useful, informative -- and sometimes surprising -- facts and figures about nanny taxes, the pay threshold, IRS forms, fines, back taxes, Social Security and Medicare.

SurePayroll is the trusted provider of easy online payroll services to small businesses nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers' compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com. Follow us on Twitter -- Circle us on Google -- Connect with us on LinkedIn -- Like us on Facebook.

About Paychex

Paychex, Inc. (NASDAQ: PAYX) is a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.